We see governments around the world cranking up the speed dials on the money printing presses further devaluing paper currency. We are told that a public works project built in 1932 for a cost of $20 million dollars equates to $3.2 Billion dollars in today’s money. What does that tell you about the shrinking value of the paper dollar? Adding physical precious metals to your investments portfolio is a good way to diversify yourself away from paper. But how many people actually do? In this interview with Reed Larsen, CEO of the American Gold Reserve, asks David Morgan, Editor of the Morgan Report, “How many people in the US own precious metals?”

Make sure you consult with your financial adviser before making any investments. All investments carry some potential of risk and their suitability vary depending upon your individual situation. Although the information presented here is believed to be accurate we make no guarantees as to its accuracy or completeness.Video Rating: 5 / 5

Click on the book cover to buy Precious Metals Investing For Dummies. It’s also available in a Kindle edition so you can download it instantly. All of the hyperlinks will be live so you can access all of the great resources Paul talks about in the book.

During these times of economic hardship, there is a high demand for stable and reliable investments. Both experienced and novice investors are turning to precious metals, and more specifically gold bullion as a way to add stability to their portfolio. Gold has been recognized as a status symbol for centuries, from the times of the ancient Greeks and Romans through to the modern day. It is highly sought after, and maintains its value through recessions and even depressions in the economy. It is a universally accepted currency, is highly durable, and will not wear out passing form hand to hand. Here we will outline how you can add gold to your portfolio.

To understand how to invest in gold, you must first understand how the price of gold is determined. The standard benchmark price for gold is the London Gold Fixing. It is set twice daily by telephone by the five members of the London Gold Pool. Like most other forms of investments, gold prices will fluctuate through supply and demand cycles. However, because the world’s total supply of gold is relatively finite the price is more susceptible to acts of hoarding and disposing. We find in general that gold becomes more desirable during the following situations, war and national crisis, bank failures and dramatic drops in real estate prices. Many people invest in gold simply because they do not trust normal currency and see gold bullion as a form of safety net.

There are many ways to invest in gold, which includes either direct ownership, or indirect ownership through stocks, shares or other accounts. If you wish to own gold directly you can choose to place it in a safe deposit bank inside your home. The disadvantage to this is if your home is burgled or suffers a disaster you will lose your investment. There are safer forms of direct ownership, such as placing the gold in a larger pool with a bank or dealer. Some even choose to select an offshore dealer to ensure higher security. The most traditional form of gold bullion is gold bars and gold coins. Gold bars are sold in various sizes depending on the country. Because gold bars are difficult to transport most Swiss banks offer gold accounts. In these accounts you can buy and sell the gold just like any other form of foreign currency.

So next time you are evaluating your investment portfolio, consider gold bullion as a way to add stability and further your peace of find.

I am interested in investing in the precious metal Rhodium. I have discovered the RhodiumCoin dot com website of the Cohen Mint and like the coins they offer. Unfortunately at the moment they are priced over double the current market value of the metal. The max premium I have ever paid for a Gold Coin was about 20 to 25% over the spot price of gold and that was only because it was a very old and rare coin. Are there any other ways to invest in Rhodium either through the physical bullion, through stocks in companies with heavy or direct exposure to the Rhodium price, or through something like an ETF with heavy or direct exposure? Cheers!